Sw 650 - Study guides, Class notes & Summaries

Which entry would appear as a credit on the seller's closing statement? A. Documentary stamp tax on the deed B. Recording the mortgage C. Purchase price D. Abstract continuation - ANSWER C. Purchase price What document stipulates which party pays which expense in a closing? A. Listing agreement B. Purchase and sale contract C. Deed D. Mortgage - ANSWER B. Purchase and sale contract How is an earnest money deposit held in escrow reflected on the closing statement? A. Credit to t...